Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Current assets
Cash	$ 3,573,148	$ 4,062,013
Other current assets	213,441	430,094
Total current assets	3,786,589	4,492,107
Non-current assets
Fixed assets, net	5,728,844	5,984,670
Intangibile assets, net	47,968	51,614
Deposit	375,000	375,000
Total non-current assets	6,151,812	6,411,284
Total Assets	9,938,401	10,903,391
Current liabilities:
Accounts payable and accrued expenses	1,530,763	1,500,650
Convertible notes payable	10,000	60,000
Deferred lease liability, current portion	125,214	119,688
Lease payable	0	23,128
Interest payable	2,762	15,079
Warrant derivative liability	1,230	11,955
Total current liabilities	1,669,969	1,730,500
Non-current liabilities:
Deferred lease liability, less current portion	335,588	400,038
Total non-current liabilities	335,588	400,038
Total Liabilities	2,005,557	2,130,538
Commitments and Contingencies (Note 11)
Stockholders' equity:
Preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.001 par value, 200,000,000 shares authorized; 40,952,450 and 35,110,916 shares issued and outstanding, December 31, 2016 and June 30, 2016	40,954	35,114
Additional paid-in capital	60,640,517	52,782,569
Accumulated deficit	(52,748,627)	(44,044,830)
Total stockholders' equity	7,932,844	8,772,853
Total Liabilities and Stockholders' Equity	$ 9,938,401	$ 10,903,391

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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- Definition

Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.